Cadence reports Q2 revenue up 24.2% YoY to $1.58B and raises its annual revenue forecast to between $6.26B and $6.34B vs. $6.21B est.; CDNS up 4%+ after hours (Reuters)
Cadence lifted its full-year outlook after a stronger-than-expected Q2.
Revenue rose 24.2% from a year earlier to $1.58 billion. The company now expects annual revenue of $6.26 billion to $6.34 billion, above the $6.21 billion estimate cited in the note. Shares of CDNS rose more than 4% in after-hours trading. Source: Techmeme's note
Revenue rose 24.2% from a year earlier to $1.58 billion. The company now expects annual revenue of $6.26 billion to $6.34 billion, above the $6.21 billion estimate cited in the note. Shares of CDNS rose more than 4% in after-hours trading. Source: Techmeme's note
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